We describe factors that make bidding in large spectrum auctions complex -- including exposure and budget problems, the … role of timing within an ascending auction, and the possibilities for price forecasting -- and how economic and game … auction, in which a new entrant, SpectrumCo, faced all these problems yet managed to purchase nationwide coverage at a …

policies in an empirical model of U.S. Forest Service timber auctions. The model fits the data well both within the sample of … profit of larger firms. We explain these findings by connecting to the theory of optimal auction design …

? Utilizing a detailed data set on Government of Canada securities auctions, we argue that the answer is yes. Direct participation … in these auctions is limited to government securities dealers. However, non-dealer customers can also submit bids through … customer bids, and dealers observing customer bid can predict the auction cutoff price better. Customers also respond …

We study the interaction between tax advantages for municipal bonds and the market structure of auctions for these … lowers mean borrowing costs by 9-10%. We estimate a structural auction model to measure markups and to illustrate and … competition, the resulting increase in municipal borrowing costs more than offsets the tax savings to the government. Finally, we …

We analyze bidding data from uniform price auctions of U.S. Treasury bills and notes between July 2009-October 2013 …

marketing agencies specialized in bidding in the auctions that are used to sell ad space on the web. We analyze how collusive … efficiency of both the Generalized Second Price auction (GSP, used by Google and Microsoft-Bing and Yahoo!) and the VCG mechanism … auction both in terms of revenues and efficiency …

We document a somewhat surprising regularity: of the many countries that have used IPO auctions, virtually all have … abandoned them. The common explanations given for the lack of popularity of the auction method in the US, viz., issuer … evidence. We examine why auctions have failed and verify, to the extent possible, that they are consistent with what academic …

.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more …We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U … value auction model with endogenous participation can account for these qualitative effects of auction format. We estimate …

this proposition using data from 4 auctions: the PCS C Block, Auction 35, the Advanced Wireless Service auction and the 700 … Mhz auction. We examine the frequency of jump bids, retaliatory bids and straightforward bids across these auctions. While …The Federal Communications Commission (FCC) has used auctions to award spectrum since 1994. During this time period …

. Bidders can "buy-it-now" at a posted price, or "take-a-chance" in an auction where the top d > 1 bidders are equally likely to … mechanism increases revenue by 4.4% and consumer surplus by 14.5% compared to an optimal second-price auction …